Illustration: Graeme Berglund | CEO.CA

“The mainstream pundits will tell you that oil is expensive now because of the unrest in Syria and Egypt,” Rick begins. “But the truth is that Syria and Egypt don’t produce much oil.”

“The real reason is that there are expectations of a slowdown in oil exports brought about by the lack of sustaining capital investments in certain countries in South America.”

Read: Rick Rule Believes Oil Prices will Rise Regardless of Middle East Unrest